Victoria Commercial Bank loan calculator for Ksh 1,000,000 over 20 years.
Estimate repayment for a Victoria Commercial Bank loan using the current 15.68% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 13,673
240 monthly payments
Estimated total repayment
Ksh 3,281,530
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,281,529
At 15.68%
Current Victoria Commercial Bank loan interest rate
Victoria Commercial Bank is listed at 15.68% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
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Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
-0.31 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 17,120
For 240 months · incl. fees
Total repaid
Ksh 3,913,341
Principal Ksh 1,000,000 + Ksh 2,913,341 extras
Effective APR
20.49%
Advertised rate 15.68% · 228.2% interest on principal
Repayment mix over 20 years
Early payments lean on interest; later ones clear principal.
Amortisation (yearly)
End of year · KES| Year | Interest paid | Principal paid | Balance |
|---|---|---|---|
| 0 | Ksh 0 | Ksh 0 | Ksh 1,000,000 |
| 1 | Ksh 156,254 | Ksh 7,823 | Ksh 992,177 |
| 2 | Ksh 311,188 | Ksh 16,964 | Ksh 983,036 |
| 3 | Ksh 464,582 | Ksh 27,647 | Ksh 972,353 |
| 4 | Ksh 616,175 | Ksh 40,131 | Ksh 959,870 |
| 5 | Ksh 765,664 | Ksh 54,718 | Ksh 945,282 |
| 6 | Ksh 912,693 | Ksh 71,765 | Ksh 928,235 |
| 7 | Ksh 1,056,849 | Ksh 91,686 | Ksh 908,314 |
| 8 | Ksh 1,197,647 | Ksh 114,965 | Ksh 885,035 |
| 9 | Ksh 1,334,521 | Ksh 142,168 | Ksh 857,832 |
| 10 | Ksh 1,466,808 | Ksh 173,956 | Ksh 826,044 |
| 11 | Ksh 1,593,737 | Ksh 211,104 | Ksh 788,896 |
| 12 | Ksh 1,714,404 | Ksh 254,513 | Ksh 745,487 |
| 13 | Ksh 1,827,754 | Ksh 305,240 | Ksh 694,760 |
| 14 | Ksh 1,932,552 | Ksh 364,519 | Ksh 635,481 |
| 15 | Ksh 2,027,357 | Ksh 433,790 | Ksh 566,210 |
| 16 | Ksh 2,110,484 | Ksh 514,739 | Ksh 485,261 |
| 17 | Ksh 2,179,966 | Ksh 609,333 | Ksh 390,667 |
| 18 | Ksh 2,233,502 | Ksh 719,874 | Ksh 280,126 |
| 19 | Ksh 2,268,403 | Ksh 849,049 | Ksh 150,951 |
| 20 | Ksh 2,281,529 | Ksh 1,000,000 | Ksh 0 |
What affects repayment?
Monthly repayment depends on loan amount, term, lending rate, processing fee, insurance and excise duty on interest.
Longer term tradeoff
A longer term can reduce monthly instalments but usually increases total interest paid over the life of the loan.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.